Slide A AR SA Section Slides Alignet Convert to SmartArt Paragraph ALIGE Shape Oui {}* Arranged Styles @She Effects Drawing Replace Solect Create and Share Adobe PDF Adobe Acrobat Editing Learning Activity: due by Sep 1st at 2:30 pm The following payoff table shows cost for a decision analysis problem with two decision alternatives and three states of nature State of nature S1 Decision alternative d1 S2 S3 230 170 185 d2 190 215 175 If the decision maker estimates the following probabilities for the three states of nature; P(S1) = 0.25, P(S2) = 0.3 and P(53) = 0.45 (i) Find the best decision to be made. Include the risk profile associated with your choice. (ii) Find the expected value of perfect information. (ii) If the probability info were not available, what decision would have been best according to the minimax regret approach